Laminar Receiving Grant from the Web3 Foundation
Laminar is excited to be receiving a development grant from the Web3 Foundation (W3F). This award is a recognition to the Laminar team and our solution as part of the DeFi ecosystem. As we march on towards our vision for bridging on-and-off-chain liquidity and asset trading, we look forward to constructively collaborating more closely with W3F and continuously contributing to the Polkadot ecosystem.
The significance of cross-chain communication to the blockchain is like that of the internet to the intranet. Polkadot is the next-gen technology empowering a network of blockchains for true interoperability, economic and transactional scalability. We are thrilled to be part of this revolution, and cannot wait to bring mainstream finance world — the users, the financial service providers, the liquidity, the risk exposures, the product varieties and more to this brave new world.
What We Are Building
We are building a high-performance, low-cost specialized financial service chain — the Flowchain, which could later operate as a parachain on Polkadot using Laminar’s Flow Protocols.
Our Ethereum implementation of the Flow Protocols will serve as the value gateway and leverage the existing DeFi ecosystem there. It will integrate with the Flowchain built using Substrate to provide high speed, large throughput and convenient trading experience required by the mainstream financial traders and liquidity providers.
The Flowchain would consist of the following components:
- A Substrate-based chain with various runtime modules to enable synthetic assets and margin trading. Token module with multi-currency support and oracle module from the Open Runtime Library (ORML), which we have created and open-sourced for the community to use and build upon
- A decentralized application (DApp) as a portal for trading and various services provided by Laminar
- Supporting tools and documentation for users and developers
We expect to launch Flowchain testnet Feb 2020: Stay tuned for updates. Meanwhile, we look forward to collaborating with teams and projects within the W3F and Polkadot ecosystem.
Get Updates from Laminar
Follow us and build DeFi together:
Official Website: https://laminar.one
Twitter: https://twitter.com/LaminarProtocol
LinkedIn: https://www.linkedin.com/company/laminar-protocols
Github: https://github.com/laminar-protocol
About Web3 Foundation
Established in Zug, Switzerland by Ethereum co-founder and Chief Technology Officer Dr. Gavin Wood, Web3 Foundation funds research and development teams building the stack of technologies behind the decentralized web.
For more information on Web3 Foundation, visit web3.foundation.
About Polkadot
Polkadot is the first interoperability protocol that enables blockchain networks to work together under the protection of shared security.
By parallelizing transactions, Polkadot solves major scalability issues that have thus far hampered blockchain development. Polkadot also introduces a highly advanced, open governance system that will allow the network to innovate and grow at a much more rapid pace than legacy networks. Applications from decentralized finance and energy to gaming and communications will thrive on Polkadot, forming the basis of digital jurisdictions in Web 3.0. Polkadot is the first project spearheaded by Web3 Foundation.
For more information on Polkadot, visit polkadot.network.
About Laminar
Laminar is a financial institute backed decentralized finance protocol company. It aims to create an open finance platform that will provide better access to trading instruments, and enable developers to build more open financial services. Laminar’s Flow Protocols bring both synthetic assets and margin trading on the blockchain. It helps to solve the challenges of opaque pricing and price manipulation in the current financial markets, bridges on- and off-chain parties, and ultimately boosts on-chain trading liquidity, exposure, and variety.
